Commission & Fee Schedule - BMO
嚜濁MO Wealth Management
March 2024
Commission & Fee Schedule
Count on us for competitive commissions & fees
Regular commission schedule
At BMO InvestorLine, we*re serious about arming investors like you
with the tools and resources you need to invest confidently. In
short, we*re committed to helping you meet your financial goals at
a competitive price.
Orders placed through a BMO InvestorLine Representative
$9.95 pricing
Stocks
Canadian and American Exchanges
Stock Price
Commission per share
All clients enjoy flat fee commission of $9.95 per trade for orders
placed through the Web.*
Stocks
Canadian and American Exchanges
Assets
Commission rates
$0 to 249,999
$9.95 Flat Fee Pricing
$250,000 +
$9.95 Flat Fee Pricing, 5 Star
Program Gold Star benefits
$2 million +
$9.95 Flat Fee Pricing, 5 Star
Program Platinum Star benefits
$5 million +
$9.95 Flat Fee Pricing, 5 Star
Program Diamond Star benefits
Trades per Quarter
Commission rates
0 to 14
$9.95 Flat Fee Pricing
15 to 74
$9.95 Flat Fee Pricing, 5 Star
Program Gold Star benefits
75 to 179
$9.95 Flat Fee Pricing, 5 Star
Program Platinum Star benefits
180 or more
$9.95 Flat Fee Pricing, 5 Star
Program Diamond Star benefits
* For equity trades only. For complete Terms & Conditions visit our website at
self-directed/pricing
For information on our 5 Star Program visit our website at self-directed/5star
Options
Canadian and American Exchanges
$9.95 + $1.25 per contract***
Where the principal value of the trade is $2,000 or less, the maximum commission is
$35 CDN, $35 U.S. Regular stock commission schedule applies for assignments and exercises.
** For complete Terms & Conditions visit our website at self-directed/pricing
CDN Exchanges
U.S. Exchanges
$0 to .245
2.5% of principal
value
3% of principal
value
$.25 to 1
$35 + 1/2?
$39 + 2?
$1.01 to 2
$35 + 2?
$39 + 3?
$2.01 to 5
$35 + 3?
$39 + 4?
$5.01 to 10
$35 + 4?
$39 + 5?
$10.01 to 20
$35 + 5?
$39 + 6?
$20.01 and over
$35 + 6?
$39 + 7?
$30.01 and over
$35 + 6?
$39 + 8?
Where the principal value of the trade is $2,000 or less, the commission is $43 CDN, $43 U.S.
Stock trades are subject to a minimum commission of $43 CDN, $43 U.S.
Options
Canadian and American Exchanges
Option price
Commission per contract
$0 to 2
$35 + $1.50
$2.01 to 3
$35 + $2.00
$3.01 to 4
$35 + $2.50
$4.01 to 5
$35 + $3.00
$5.01 and over
$35 + $3.50
Where the principal value of the trade is $2,000 or less, the maximum commission is $43
CDN, $43 U.S. Option trades are subject to a minimum commission of $43 CDN, $43 U.S.
Regular stock commission schedule applies for assignments and exercises.
BMO Wealth Management
PAGE 2
BMO InvestorLine
Mutual funds
We offer you access to over 9,500 mutual funds. No commissions
apply to buy, sell or switch (an early redemption fee may apply,
see details below).
Investment Policies and Minimums for Mutual Funds:
1. W
ith the exception of Money Market and T-Bill funds, there is
an initial purchase minimum of $1,000 or the fund company*s
minimum, whichever is higher. A subsequent purchase
minimum of $500 applies. Switch orders are subject to the
same purchase minimums.
2. T he initial purchase minimum on BMO Mutual Funds and BMO
Guardian Funds (including Money Market and T-Bill funds) is
$500, or the fund minimum, whichever is higher. A subsequent
purchase minimum of $50 applies.
3. For all other Money Market and T-Bill funds, an initial purchase
minimum of $25,000 and a subsequent purchase minimum of
$500 applies. All units must be redeemed if your balance falls
below $25,000.
4. F or Automatic Purchase Plans (APP) and Automatic Withdrawal
Plans (AWD), the minimum is $100 per fund per periodic
purchase or withdrawal.
5. E arly Redemption Fee: Exempting Money Market and T-Bill
funds and back load (DSC) funds, an early redemption fee of
1%, subject to a minimum of $43 ($35 for electronic orders) will
be charged for funds held for less than 90 days. Switch orders
are subject to the same early redemption fee.
6. Some fund companies may also charge additional fees. These
may include an initial account set-up fee, an early redemption
fee or a deferred sales charge on redemption of back load
(DSC) funds.
Bonds, T-Bills, GICs, Strip coupons
Commissions, if any, are included in the quoted price. You may
enjoy additional savings for online fixed income trades.
Exchange Traded Bonds
Bond Par Value
Commission
$0 to $49,999
$40 + $1.50/$1,000
$50,000 and over
$40 + $1.00/$1,000
Enjoy 20% discount off orders placed electronically, subject to a minimum commission of
$35 CDN, $35 U.S.
Deposit gold & silver bullion
Bullion
Commission
Gold
$35 + $1.00/oz.
Silver
$35 + $0.10/oz.
Commissions for the BMO Physical Allocated Gold Deposit Program are charged in Canadian
dollars for MTL001 and in U.S. dollars for MTL007.
Commissions for the BMO Vaulted Physical Silver Deposit Program are charged in Canadian
dollars for MTL900 and in U.S. dollars for MTL901.
BMO Gold Deposit Redemption Fee (MTL001-CAD and
MTL007-USD): Redemptions will receive the NAV less the
redemption fee (spread). As of current, the fee/spread is at 2%.
BMO Silver Deposit Redemption Fee (MTL900-CAD and
MTL901-USD): Redemptions will receive the NAV less the
redemption fee (spread). As of current, the fee will be between
$1 and $2.
Gold Withdrawal and Delivery Fee (MTL001): $100.00 per ounce,
plus applicable taxes.
Silver Withdrawal and Delivery Fee (MTL900-CAD and
MTL901-USD): $4.00 per ounce, plus applicable taxes.
Under the Deposit Program, clients pay no annual storage fees, and there is no annual
MER. Fees will apply if physical delivery is requested. Bank of Montreal may earn revenues
(or suffer losses) from the sale of gold bullion. The minimum purchase is one ounce for
gold and 100 ounces for silver.
Gold & silver certificates
Certificate
Commission
Gold
$35 + $1.00/oz.
Silver
$35 + $0.10/oz.
Commissions for certificates are charged in U.S. dollars. Minimum purchase of 10 oz. for gold
and 100 oz. for silver. No safekeeping fees.
BMO Wealth Management
PAGE 3
BMO InvestorLine
More on our commissions and fees
? Regular commission schedule refers to trades placed with a
BMO InvestorLine Representative.
General account fees
The following charges apply to all BMO InvestorLine accounts.
Taxes may apply.
? A
ll transactions for one account in one security on one side of
the market during one trading session are included in determining
the principal value of the trade.***
Security registration fee:
Stock Certificate/DRS
$100.00/security
? Full commission charges apply for each partial fill except when
transacted on the same business day.***
Statement search, trade investigation, etc.
$40.00/hr
(minimum $40)
? Prices on multiple fills transacted on the same business day are
averaged for commission purposes.***
Internal transfers (non-registered accounts)
$25.00
Transfer out
$150.00
? Electronic trades are placed through the BMO InvestorLine
website, mobile or tablet.
Estate account certificate 每 handling fee
$50.00/security
? You will be charged for any sales, use, goods and services,
harmonized sales, value added, and transaction taxes which are
incurred by or that may be charged to either you, BMO
InvestorLine, or an intermediary (whether jointly or severally) by
any governmental authority in any jurisdiction as a result of your
Transaction, including SEC fees charged for U.S. sale transactions.
Cheque requests
$10.00/request
Safekeeping securities
(excluding CSBs and GICs)
$50.00/certificate/
month
Statement and confirmation replacement
$5.00/item
Paper statement mailed
Monthly $2 fee
per account
? Commissions on U.S. trades are charged in U.S. dollars.
? If you change an order through a BMO InvestorLine
Representative, the regular commission schedule applies to the
original order and any subsequent changes to that order.
*** Terms and Conditions for the 5 Star Program may differ and may be found at
self-directed/5star
Fees for non-registered accounts
Account Minimum Fee
A $25 CDN fee will be charged each quarter on non-registered
accounts with an account balance of less than $15,000. Taxes may
apply. This fee is waived for clients who hold a registered account
(except TFSA) with BMO InvestorLine and for clients that make 2 or
more ※commissionable trades§? in 6 months. The fee is charged
when ※average household account balance§ at the close of
business on the last day of the calendar quarter is less than
$15,000. The ※average household account balance§ refers to
averaging the account equity of all accounts at the same address
and excludes accounts that are fee exempt.
?
Commissionable trades are: Buys and sells of Equities, Options, Transaction Fee Mutual Funds,
and Fixed Income except for GICs, Canada Savings Bonds, and Provincial Savings Bonds.
BMO Wealth Management
PAGE 4
BMO InvestorLine
AccountLink? service
Other AccountLink service charges
Non-registered adviceDirect accounts are equipped with
AccountLink?1 service.
The following fees are in addition to the charges already noted.
Fees may be waived for those clients who participate in a BMO
Everyday Bank Plan.
Each month you*ll receive two free withdrawals, cheques, transfers,
pre-authorized debits, INTERAC?* debit purchases or INTERAC?
e-Transfers at any BMO Bank of Montreal branch, BMO automated
banking machine, BMO Digital Banking2 or point-of-sale. 3
Pay-per-use fees
A $1.00 fee will apply for each additional above-type transaction.4,5
Service charges and fees on U.S. dollar accounts are charged in
U.S. dollars.
Access to accounts through non-BMO channels
An extra charge applies for each non-BMO ATM withdrawal/
point-of-sale:
Inside Canada (INTERAC network)6
$2.00
Inside the U.S. 6,7
$5.00
Outside Canada and the U.S. (International)6
$5.00
Debit card purchase 每 Outside Canada
(Maestro and Mastercard networks)8
no additional fee
Everyday Bank Plans
If you prefer a fixed monthly fee instead of pay-as-you-go
transaction charges, consider signing up for one of our BMO Bank
of Montreal Everyday Bank Plans? on y our BMO InvestorLine
personal investment account with AccountLink service.
For more information on these plans and their associated fees,
visit the Compare Bank Accounts page under Bank Accounts at
Fees will remain in effect until further notice. When there are
increases to our fees, clients will be notified 60 days in
advance. Services are identified which are subject to federal or
provincial tax. The tax paid will be indicated separately or
identified as included on statements, receipts, etc.
Interac e-Transfer 每 Cancelling an Interac
e-Transfer by you or the Bank9
$5.00
Canadian & U.S. Dollar draft10,11,12,13
$9.95
Canadian & U.S. Dollar money order10,11,12,13
$9.95
Assisted bill payment
$1.50
Items returned non-sufficient funds (NSF) 每
Cheque or Pre-Authorized Payment (includes
items payable to BMO from Personal Accounts)14
$48.00
Cheques sent on collection (up to $250.00 CAD)15
$15.00
Cheques sent on collection (over $250.00 CAD)15
0.125%
($25.00 min. to
$200.00 max.)
Custom cheque orders16
Varies
by style
Cheque image return (per month)
$2.50
Foreign currency cheque drawn on Canadian
Dollar account17
$20.00
Foreign currency cheque deposited to a
Canadian dollar account17
$5.00
Post-dated item held for deposit at a BMO Bank
of Montreal branch
$3.00
Set-up or amend instructions for standing
orders, (regular payments/transfers from
or between accounts in the same currency)
except for Continuous Savings Plan18
$4.50
Incoming wire payments to an AccountLink?19
$16.00
Outgoing Domestic & International Wires from an
AccountLink?19
每 plus: Communication charge
$40.00
Search and/or copy of Personal Account item
(such as statements, vouchers, cheque tracing,
transaction receipts)
$10.00
$5.00
Stop payment20
(cheques or Pre-Authorized Payments)
每 single
每 series (in sequence, per request)
$12.50
$20.00
Passbook Fee
$2.25
BMO Wealth Management
PAGE 5
BMO InvestorLine
Interest rates
Interest rates paid on cash balances or charged on debit balances
are subject to change without notice. Interest is calculated
separately on CDN and US dollar balances. Up-to-date information
on our rates is available in the Pricing section at
self-directed or by contacting a BMO InvestorLine Representative.
Currency conversion
BMO InvestorLine acts as principal in relation to any transaction
that requires the conversion of currency (unless BMO InvestorLine
specifically advises you otherwise) and will convert the currency
at rates established or determined by BMO InvestorLine (or parties
related to us) in our sole discretion. Conversion rates will vary and
are subject to change without notice to you. In addition to the
commissions or other fees applicable to the transaction, BMO
InvestorLine (or parties related to us) will collect revenue on
currency conversions as set out in the table below:
Currency Conversion
Please contact a BMO InvestorLine representative for rates or for
additional information. As BMO InvestorLine offers Canadian and U.S.
currency denominated registered accounts (excluding Registered
Education Savings Plans), the currency denomination in which any
Security is held or of funds deposited in an account will be required
to be converted into Canadian dollars or US dollars if they are in a
currency denomination that differs from the currency of the
account in which they are held or deposited. BMO InvestorLine
(or parties related to us) will earn revenue from the currency
conversion.
Fees for registered accounts
For RRSP, LIRA, LRSP, RIF, LRIF, RLSP, LIF, RLIF and RESPs:
No annual administration fee is charged when your account value
is greater than or equal to $25,000. An annual administration fee
of $50 is charged for RESP accounts less than $25,000. For all other
registered accounts, $100 is charged for accounts less than
$25,000.
Transaction Size (USD)
Revenue Earned (bps)
Revenue (%)1
RRSP/RRIF deregistration
$50.00
Less than $25,000
220
1.6%
LifeLong Learning Plan
$25.00
$25,000 to $74,999.99
130
1%
Home Buyers* Plan (Taxes may apply.)
$25.00
$75,000 to $99,999.99
105
0.8%
$100,000 to $249,999.99
75
0.6%
$250,000 and above
No more than 55
No more than 0.4%
The percentage is calculated for illustrative purposes only, and is expressed as the
percentage value of our revenue earned on conversions, benchmarked to the 2023 Bank of
Canada annual average exchange rate of 1.3497, and rounded to the nearest tenth.
1
A BMO InvestorLine account with AccountLink service consists of your regular securities account and a BMO Bank of Montreal Canadian dollar bank account and, if requested, a U.S. dollar bank account. Cash is normally held at BMO
Bank of Montreal in a bank account except when temporarily held by BMO InvestorLine Inc. AccountLink service is governed by the terms and conditions of the BMO InvestorLine Client Agreement. AccountLink(s) for Non-registered
accounts are bank accounts at BMO Bank of Montreal?, a member of CDIC, and are eligible for deposit insurance from the CDIC, subject to maximum coverage limitations. Please visit the CDIC website for further information about
coverage limits. Self-directed registered plans are not eligible for AccountLink service. For U.S. dollar accounts, amounts are quoted in U.S. funds. Access at ATMs is limited by location availability, and by the daily card or machine limits.
2
Digital Banking includes mobile, online and tablet.
3
Additional fees may be charged by the merchant for use of point-of-sale devices.
4
A bill payment handling fee of $1.50 applies where applicable.
5
Account histories completed through BMO Mobile, BMO Online Banking and the telephone interactive voice response (IVR) system do not count toward the monthly transaction limit.
6
These fees are in addition to any other fees that may be charged by non-BMO ATMs.
7
Fee does not apply for use of BMO Harris Bank machines on the Cirrus network.
8
Applies to purchases made outside of Canada on the Maestro and Mastercard networks. Other transaction or network fees may apply.
9
This fee is charged if you cancel an Interac e-Transfer unless you cancel it on the same day it is sent (Eastern Time). It is also charged when the Bank reverses an Interac e-Transfer regardless of whether you asked us to reverse it
or not. This fee is in addition to the non-refundable Interac e-Transfer fee that may apply when you send an Interac e-Transfer, if applicable.
10
We and/or other financial institutions may charge additional fees for refunds or replacements of lost or stolen money orders or drafts.
11
The receiving financial institution may charge associated fees.
12
U.S. Dollar money orders and drafts are available at no cost when purchased through a U.S. Dollar personal account.
13
Foreign currency drafts are subject to sanctions compliance regulations and payee names are screened against persons listed under international sanctions. Depending on the result of that screening, a payee might not be able to
cash a foreign currency draft.
14
Cheque or Pre-Authorized Debit.
15
Other financial institutions may charge associated fees. We may charge third-party or out-of-pocket expenses, such as courier fees. In the event that an item is received on collection, we may charge fees.
16
Cost of personalized cheque orders for personal deposit accounts will depend on quantity and type selected.
17
Foreign currency items deposited and subsequently returned may incur a foreign currency loss due to rate fluctuations. Travellers cheques in U.S. dollars other than those issued by American Express cannot be negotiated at a
BMO branch.
18
Fee is in addition to any debit transaction fees. The set-up fee is not applicable where the transfer is for automatic savings or regular contributions to a mutual fund, RSP or savings account.
19
Other financial institutions may have associated fees for incoming and outgoing wire transfers. Inquiries/traces etc. may be subject to fees other than those collected by BMO. Inquire in branch for details. When an investigation is
requested, an investigation fee may be collected.
20
You are not able to put a stop payment on Pre-Authorized debit payments for BMO credit products such as loans, mortgages, credit cards, lines of credit.
INTERAC is a registered trademark of Interac Inc. Used under License, ?? Registered trademarks of MasterCard International Incorporated. Used under license by MasterCard International Inc.
BMO InvestorLine is a member of BMO Financial Group. ?/? Trademarks of Bank of Montreal, used under license. BMO InvestorLine Inc. is a wholly owned subsidiary of Bank of Montreal Holdings Inc.
BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal and certain of its affiliates, including BMO InvestorLine Inc., in providing wealth management products and services.
?*
03/24-0013
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